DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
M••••••• P•••••••
Legal name M••••••• M••••••••• •••• L•
Latest filing Mar 25, 2026
First filing on the tape Mar 17, 2022 · 10 filings
SEC status approved since Apr 15, 2022
RAUM
$298M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$298M as of Mar 25, 2026
Mar 30, 2023$222M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 30, 20230 then
Employees (5.A)7 as of Mar 25, 2026
Mar 30, 20235 then
Private funds2 as of Mar 25, 2026
Mar 30, 20232 then
RAUM +6.7% over the last fiscal year+10% a year over threeIARs 0 to 0offices 0 to 1
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $99.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $298M, 3 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$298M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 3reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $298M for 3 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| M••••••• C••••••••• F•••• L• | Hedge Fund | $240M | 2 | Aug 12, 2022 |
| S••• E••••• T••••••••• F••• L• | Hedge Fund | $38.4M | 3 | Aug 12, 2022 |
| M••••••• C••••••••• •••••••• F••• L•no longer reported | Hedge Fund | $29.7M | 6 | Mar 17, 2022 |
Owners and control persons
Schedule A and B, latest filing
- F•••••••• M••••• · Head Of Primary Research, Limited Partnercontrolsince 01/2019 · owns 25% to 50%
- H•••••• S••••• R••••• · Chief Investment Officer, Limited Partnercontrolsince 01/2019 · owns 50% to 75%
- K••• R•••• J••••• · Chief Compliance Officer & Chief Operating Officer, Limited Partnercontrolsince 08/2022 · owns 10% to 25%
- H•••••• S••••• R••••• · Managing Membercontrolsince 01/2019 · owns 75% or more of W•••••••• L••
Entity owners
- W•••••••• L•• · General Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
- M••••••• C••••••••• G• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 4 to 3Dec 4, 2025 to Mar 25, 2026
- Pooled vehicle clients · 4 to 3Dec 4, 2025 to Mar 25, 2026
- Assets in custody · $279M to $298MDec 4, 2025 to Mar 25, 2026
- Employees · 6 to 7Dec 4, 2025 to Mar 25, 2026
- Other offices · 0 to 1Dec 4, 2025 to Mar 25, 2026
- Discretionary RAUM · $279M to $298MDec 4, 2025 to Mar 25, 2026
- Pooled vehicle RAUM · $279M to $298MDec 4, 2025 to Mar 25, 2026
- RAUM · $279M to $298MDec 4, 2025 to Mar 25, 2026
- Assets in custody · $278M to $279MJun 25, 2024 to Apr 16, 2025
- Financial planning clients · unset to Jun 25, 2024 to Apr 16, 2025
- Discretionary RAUM · $278M to $279MJun 25, 2024 to Apr 16, 2025
- Pooled vehicle RAUM · $278M to $279MJun 25, 2024 to Apr 16, 2025
- RAUM · $278M to $279MJun 25, 2024 to Apr 16, 2025
- Advisory employees · 5 to 4Mar 30, 2023 to Mar 27, 2024
- Assets in custody · $222M to $278MMar 30, 2023 to Mar 27, 2024
- Employees · 5 to 6Mar 30, 2023 to Mar 27, 2024
- Discretionary RAUM · $222M to $278MMar 30, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $222M to $278MMar 30, 2023 to Mar 27, 2024
- RAUM · $222M to $278MMar 30, 2023 to Mar 27, 2024
- Assets in custody · $201M to $222MSep 27, 2022 to Mar 30, 2023
- Discretionary RAUM · $201M to $222MSep 27, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $201M to $222MSep 27, 2022 to Mar 30, 2023
- RAUM · $201M to $222MSep 27, 2022 to Mar 30, 2023
- Related adviser · true to falseSep 27, 2022 to Mar 30, 2023
- Business name · M••••••• M••••••••• •••• L• to M••••••• P•••••••Aug 12, 2022 to Sep 27, 2022
- Accounts · 1 to 4Mar 17, 2022 to Aug 12, 2022
- Advisory employees · 3 to 5Mar 17, 2022 to Aug 12, 2022
- Pooled vehicle clients · 1 to 4Mar 17, 2022 to Aug 12, 2022
- Assets in custody · unset to 201215525.0Mar 17, 2022 to Aug 12, 2022
- Custody of client assets · false to trueMar 17, 2022 to Aug 12, 2022
- Employees · 3 to 5Mar 17, 2022 to Aug 12, 2022
- Private funds · 1 to 2Mar 17, 2022 to Aug 12, 2022
- Discretionary RAUM · $29.7M to $201MMar 17, 2022 to Aug 12, 2022
- Pooled vehicle RAUM · $29.7M to $201MMar 17, 2022 to Aug 12, 2022
- RAUM · $29.7M to $201MMar 17, 2022 to Aug 12, 2022
- Related adviser · false to trueMar 17, 2022 to Aug 12, 2022
Signals
3 dated events
- C•••••• M•••••• C•••• (Analyst, Limited Partner) no longer on Schedule A of M••••••• P••••••• (listed 2024-05-08, absent 2024-06-25)Jun 25, 2024 · Control person left · inference
- Joseph Ryan Kus (Chief Compliance Officer & Chief Operating Officer) appeared on Schedule A of M••••••• P•••••••Aug 12, 2022 · Control person joined · fact
- M••••••• M••••••••• •••• L• filed its initial SEC registration (Form ADV)Mar 17, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/mercatorpartnersreportedpublic record, Form ADV, Sep 19, 2026
- Website
- mercatorpartners.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 347-753-2779reportedpublic record, Form ADV, Mar 25, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026